All Forum Posts by: Tony SanFilippo

If the LA will not cancel the listing agreement.  See what date the LA ends, and buy it the day after!

In a word, "Nice"

Nice job!

@Account Closed 

Congrats on the first Apartment building!!  Sounds like a great deal!

How did you finance the purchase and rehab? Hard money, private money, personal funds?

Also, how did you find this deal? Wholesaler, MLS, other?

Great investment, I like all the detailed pictures.

thanks!

Nice work

Okay, I have a out of state owner, that has a VA loan on a property he lease optioned it out and now regrets it because the new tenant has brought in 7 dogs. Any way I am going to look over the lease to see if I can get the tenant out of the lease and option. But if I take it over I am thinking of doing it Subject to, and re-renting the house out.

Any other ideas would be great as well as ideas on how to get this person out of their lease and option. Also anyone know if VA loans have due on sale clauses, or is it a good idea to leave title in the mortgage holders name and hold a quit claim deed that seller signs, but is not filed, until I am ready to pay off the mortgage?

Did you get the deal done?  How much is the tenant paying per month for rent?

I am thinking you could have put a larger down payment to make her feel more at easy, but much less than 150K,  more like 5-8K.  Then you have much better cash flow.

@Bill S.

True, I am not saying good deals will NEVER be found, but the competition in Denver is so large, even my generated leads don't have to look too far for another We buy houses add, to get competitive bids. There are many investors (not retail buyers) that will bid up a house just to get the house to keep their crews busy and are ok with a very small profit margin. I have talked to many contractors at REI events that have been able to acquire hard money and will take deals all day just to stay busy.

@Marcin Chojnacki

Great job. That is the kind of ROI all investors should demand! In Denver there would have been 10 others bidding on it until the profit was down to 10-15K, just to keep their crews busy. Ah how supply and demand work in our industry.